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Nippon Steel will spend over $6 bln for decarbonisation efforts, NHK reports

Nippon Steel will spend over $6 bln for decarbonisation efforts, NHK reports

Reuters30-05-2025
TOKYO, May 30 (Reuters) - Nippon Steel (5401.T), opens new tab plans to invest over 860 billion yen ($5.98 billion) to introduce electric furnaces at its three domestic plants to reduce carbon emissions, public broadcaster NHK said on Friday.
Japan's government plans to subsidise as much as 251 billion yen in support for the steelmaker's decarbonisation efforts, the report said.
($1 = 143.8900 yen)
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